The biggest bearish for MERL in December is not the market, but the "sky-falling supply" of these 70 million coins

Brothers, I see $MERL recent performance,
It's not that the technical side is not strong, but the supply side is holding back.
This month, the four nodes (12/12, 12/15, 12/16, 12/19) released almost 70 million pieces together.
This is no longer a "small fluctuation", this is called a supply crit.

The focus is on three things:
(1) The psychological damage is more severe than the actual selling pressure.
Before OTC holders could sell, retail investors panicked first.
Everyone was afraid that others would sell it, so they withdrew first.
This will directly mess up the rhythm of the rebound.

(2) OTC costs are too low, and others sell this position for profit, and you take the knife.
The more you reach the key resistance, the easier it is to place a big order and smash it back.
That's why every time MERL rushes up, it's like "hitting the south wall".

(3) The market is weak and the undertaking is poor, and this month itself is not suitable for deadlift.
When there is a lot of supply, the price is more likely to be deflated.
If you can't hold on, it's a landslide in place.
My personal short-term judgment is very clear:
In this unlocking cycle, the trend of MERL is likely to continue to be bearish.
Wait for the reversal? Wait, of course, but not now.
I think it is possible to see a decent "stop signal" around 0.2.

Now is the supply pressure window for MERL, and I will continue to be bearish in my strategy, waiting for the low level to give the signal before getting on the car